Markets Slip Into Red Tracking Asian Stocks; Sensex Loses 527 Points, Nifty At 9,086

Asian markets had been cautious concerning the second wave of pandemic after the Chinese metropolis the place it originated reported contemporary instances for the reason that lockdown was lifted.

New Delhi: Indian benchmark indices slipped into the crimson within the opening commerce on Tuesday on weak Asian cues because the Sensex slipped 527 factors at 31,034.45 whereas Nifty misplaced 152.55 factors at 9,086.65 at 9.51 AM.The sentiments remained subdued on considerations of the second wave of the pandemic in Asian nations. Companies corresponding to Nestle, Sun Pharma and ITC had been among the many solely gainers of the 30 shares within the Sensex whereas 27 slipped within the crimson.

On Monday, Sensex ended at 31,561.22, down 81.48 factors or 0.26 per cent whereas the 50-share index Nifty was at 9,239.20 down 12.30 factors or 0.13 per cent.

Almost 11 firms together with FMCGs, banks are anticipated to announce their March quarter earnings. Those firms embody names like Nestle India, Bandhan Bank, Havells, JK Paper, IndiaMART InterMESH, and Blue Star.

Even Asian markets had been cautious concerning the second wave of covid-19 after the Chinese metropolis the place the pandemic originated reported its first new instances for the reason that lockdown was lifted. Japan’s Topix index fell 0.2 per cent. Australia’s S&P/ASX 200 Index dropped 1.four per cent

Meanwhile, US shares ended blended on Monday as buyers’ had been involved over financial system reopening amid uncertainties from the Covid-19 pandemic.

The Dow Jones Industrial Average fell 109.33 factors, or 0.45 per cent, to 24,221.99. The S&P 500 rose 0.39 factors, or 0.01 per cent, to 2,930.19. The Nasdaq Composite Index elevated 71.02 factors, or 0.78 per cent, to 9,192.34, Xinhua reported.

Brent crude futures climbed to a excessive of $30.11 a barrel on Tuesday and had been up 0.8%, or 24 cents, at $29.87 at 0206 GMT, reversing a few of the earlier session’s losses. The benchmark fell $1.34 on Monday.

Seven of the 11 main S&P 500 sectors ended decrease, with financials and vitality down 1.94 per cent and 1.69 per cent, respectively, main the laggards. Health care and expertise had been up 1.67 per cent and 0.7 per cent, respectively, main the gainers.

The blended end got here as a rising variety of US states began to ease restrictions on enterprise.

As of Monday afternoon, greater than 1.34 million confirmed COVID-19 instances have been reported within the United States, with over 80,000 deaths, in response to the Center for Systems Science and Engineering at Johns Hopkins University.

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(With inputs from businesses)



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